Russia discusses investments with New Development Bank

Russia Sakha Republic (Yakutia) engaged the New Development Bank regions head about making investments worth $150 -$200 million in the country’s infrastructure projects.  

“We have started to actively work with the BRICS Bank, with active support from the Russian Finance Ministry. We have presented a number of projects that the bank is ready to consider once the relevant documents are prepared … In total, we are talking about some $150-200 million[in investments] in the development of infrastructure projects,” Yakutia head, Aisen Nikolaev, said on Thursday.

The funds are meant to modernise municipal infrastructure and expand the city’s water supply system, Nikolaev said.

The official told the media that their plans include also a revamp of the city’s airport and the development of district heating. All four projects are estimated to cost between 30 and 40 million.



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